January 16th, Bitcoin and Altcoins Roadmap


Bitcoin and Altcoins' movements are completely in line with expectations. As mentioned yesterday, Bitcoin fluctuated between 97,000 and 95,000. It just reached 97,000 and then sharply declined to 95,000. Altcoins similarly predicted a drop of over 120 points.
Now, returning to the market, Bitcoin has dipped below 95,000 and is entering a consolidation phase, but a bottom has not yet been seen. Partners looking for an upward move should remain cautious. Technical indicators show that the four-hour MACD has formed a death cross, and the RSI is also trending downward.
Altcoins are also not optimistic. A short-term downtrend has formed, with the KDJ indicator about to cross downward, and the MACD histogram continues to expand, indicating weakening momentum.
Personal suggestions:
Bitcoin may move southward around 96,000-96,500, targeting 94,500-94,000.
Altcoins may move southward around 3,320-3,350, targeting 3,250-3,200. $BTC $ETH
ETH1,15%
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